Above image is used for illustration purposes only / Credit: Bourbon Offshore

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Bourbon Corporation to digitalize its business

Bourbon Corporation is currently transforming its business and it announced its action plan, called #BOURBONINMOTION. According to the plan 41 non-smart vessels of Bourbon Marine & Logistics will be sold.

Bourbon Corporation with its new plan wants to digitalize its existing fleet, in order to improve their operations. Namely, the "Smart shipping" program will connect the fleet of 132 supply vessels of Bourbon Marine & Logistics. This program is three year investment of €75 million and aims to reduce vessel operating costs. Overall, Bourbon Marine & Logistics’ has 65 vessels, of which 41 non-smart vessels, which cannot be connected, will be sold at current market price.

In summary, the #BOURBONINMOTION action plan has two key points:

Reorganizing the activities of Bourbon Corporation into three distinct affiliates: Bourbon Marine & Logistics, Bourbon Subsea Services and Bourbon Mobility. They will focus on growth changing their model to develop more integrated services.

These three new affiliates will benefit from access to the market in countries where Bourbon currently operates.